SEC Targets Oil, Telecoms Firms For $1Trillion Market Capitalisation

The Securities and Exchange Commission (SEC) says it is targeting $1 trillion market capitalisation of the Nigerian Stock Exchange (NSE). It is optimistic the target is feasible particularly when the power, telecoms and oil and gas companies list their shares on the exchange in the future.Speaking at a press conference in Lagos, the Director General of […]

The Securities and Exchange Commission (SEC) says it is targeting $1 trillion market capitalisation of the Nigerian Stock Exchange (NSE).

It is optimistic the target is feasible particularly when the power, telecoms and oil and gas companies list their shares on the exchange in the future.

Speaking at a press conference in Lagos, the Director General of SEC, Aruma Oteh, said the market capitalisation is currently at $107 billion, buoyed by the introduction of market making on the exchange in the fourth quarter of 2012.